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BUZZ-Frontier Group rises after forecasting potential profit

Reuters
Feb 11
BUZZ-Frontier Group rises after forecasting potential profit

** Shares of Frontier Airlines' parent company, Frontier Group ULCC.O, rise 6% to $6.32 in early trading

** Co is betting on tighter cost controls to support its strategy and strengthen its outlook

** On an adjusted per share basis, it expects a loss of 40 cents to a profit of 50 cents for the year

** Forecasts first-quarter loss of 26 cents to 44 cents per share

** Reports fourth-quarter revenue of $997 million, above Wall Street estimates of $973.56 million, according to data compiled by LSEG

** Co reports adjusted profit of 23 cents per share, compared with estimates of 12 cents

** As of last close, shares up 26.5% YTD

(Reporting by Apratim Sarkar in Bengaluru)

((Apratim.Sarkar@thomsonreuters.com))

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